Collecting Information to Follow Through on How Actual Performance Compares

question 28

Multiple Choice

Collecting information to follow through on how actual performance compares to planned or budgeted performance is referred to as

• A)an accounting system.
• B)scorekeeping.
• C)management accounting.
• D)attention directing.
• E)problem solving.

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Definitions:

Information Systems

The combination of technology, people, and processes that manage, process, and provide access to information within an organization.

Information Technology

Utilizing computers, storage solutions, networks, and additional physical hardware, infrastructure, and methodologies to generate, process, safeguard, store, and share every kind of electronic data.

Meaningful

Possessing significant importance or purpose, often leading to a sense of fulfillment or understanding in individuals or contexts.

Management Information Systems

Systems designed to manage information within an organization, facilitating decision-making, coordination, control, analysis, and visualization of information in an organization.